Protect Your Crypto: How Darknet Bad Actors are Stealing Your Funds

• Binance’s chief security officer Jimmy Su said that hackers have shifted their attention toward cryptocurrency users with poor “security hygiene.”
• The hacker ecosystem is made up of four distinct layers: intelligence gatherers, data refiners, hackers and money launderers.
• Phishing scams are commonly used to target unsuspecting users by impersonating someone they trust, so it’s important to stay vigilant and practice good security hygiene habits.

Darknet Bad Actors Targeting Crypto Users

Binance’s Chief Security Officer Jimmy Su has warned that hackers have turned their attention towards crypto users with poor “security hygiene”. He noted that the hacker community is a well-established ecosystem made up of four distinct layers: intelligence gatherers, data refiners, hackers and money launderers.

Phishing Scams

Phishing scams are particularly prevalent in emails and are used as a way to collect sensitive information by impersonating someone you trust. It’s important for users to remain vigilant and practice good security hygiene habits in order to protect themselves from these types of attacks.

Data Gatherers

The most upstream layer of the hacker ecosystem is threat intelligence; bad actors collect and collate ill-gotten intel about crypto users in bulk in order to create spreadsheets filled with details such as which websites they visit, what emails they use, etc. This information is then sold on the dark web.

Protect Yourself

To protect yourself from these threats it’s important to be aware of any customer data leaks or hacks targeting other vendors or platforms where your personal information may be stored. Also make sure you never click on suspicious links or give out your credentials to anyone who you don’t know or trust.

Conclusion

Crypto hackers have turned their attention toward the crypto user, so it’s essential for everyone to practice good security hygiene habits in order to stay safe from their schemes. By staying vigilant and avoiding clicking on suspicious links or giving out your credentials, you can help keep yourself protected from these threats.